LRB-0055/1
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2023 - 2024 LEGISLATURE
2023 SENATE BILL 89
March 1, 2023 - Introduced by Senators JACQUE and QUINN, cosponsored by
Representatives WICHGERS, ROZAR, ALLEN and BODDEN. Referred to
Committee on Universities and Revenue.
AN ACT to create 25.40 (1) (bn) and 77.61 (21) of the statutes; relating to:
depositing sales tax revenue from the sale of motor vehicles and motor vehicle
parts, accessories, and services into the transportation fund.
Analysis by the Legislative Reference Bureau
This bill requires the Department of Revenue to deposit into the transportation
fund a percentage of the sales tax revenue from the sale of motor vehicles and motor
vehicle parts, accessories, and services beginning with the taxes collected on July 1,
2023.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SECTION 1. 25.40 (1) (bn) of the statutes is created to read:
25.40 (1) (bn) All moneys deposited under s. 77.61 (21).
SECTION 2. 77.61 (21) of the statutes is created to read:
77.61 (21) Beginning with the taxes the department receives on July 1, 2023,
the department shall annually estimate the amount of, and deposit into the
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SECTION 2 SENATE BILL 89
transportation fund, the following percentages of the taxes collected under ss. 77.52
and 77.53 on the sale, lease, or use of motor vehicles and motor vehicle parts,
accessories, and services, on the basis of the annual sales and use tax collections, as
of the last day of the fiscal year, from sellers primarily engaged in businesses
classified under industry numbers 4411, 4412, 4413, 5321, and 811111 in the North
American Industry Classification System, 2017 edition, published by the federal
office of management and budget, and from sales and use taxes collected by the
department of transportation when registering motor vehicles with this state:
(a) For fiscal year 2023-24, 10 percent.
(b) For fiscal year 2024-25, 15 percent.
(c) For fiscal year 2025-26, 20 percent.
(d) For fiscal year 2026-27, 22.5 percent.
(e) For fiscal year 2027-28, 25 percent.
(f) For fiscal year 2028-29, 27.5 percent.
(g) For fiscal year 2029-30, 30 percent.
(h) For fiscal year 2030-31, 32.5 percent.
(i) For fiscal year 2031-32, 35 percent.
(j) For fiscal year 2032-33, 37.5 percent.
(k) For fiscal year 2033-34, 40 percent.
(L) For fiscal year 2034-35, 42.5 percent.
(m) For fiscal year 2035-36, 45 percent.
(n) For fiscal year 2036-37, 47.5 percent.
(o) For fiscal year 2037-38, and for each fiscal year thereafter, 50 percent.
(END)
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